The Aston Villa captain has been caught up in the collapse of a tax-friendly investment scheme which raised £48 million to develop a Birmingham hotel.

Tommy Elphick, as well as former Villa striker Luke Moore, was among the backers of the Park Regis hotel development, along with Olympic legend Sir Steve Redgrave and Czech tennis player Tomáš Berdych.

Now, some of the investors, which also included golfers Graeme McDowell and Rory McIlroy, are potentially facing a loss.

Tommy Elphick was among the investors in Park Regis Birmingham LLP which is now in administration

The Mail understands Mr Elphick invested a four-figure sum.

In all, more than 150 investors ploughed money into the development but administrators from Begbies Traynor have been appointed – although it will not affect the day-to-day running of the hotel.

Park Regis Birmingham LLP used something called Business Premises Renovation Allowance (BPRA) which is a government initiative aimed at bringing back into business use derelict properties which have sat idle for at least one year.

BPRA lets investors claim tax allowance on everything they invest when such premises are renovated.

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Watch: Take a look inside Park Regis Hotel Birmingham

Park Regis Birmingham LLP raised £27 million worth of loans and £21.5 million of capital from investments to redevelop the run-down Auchinleck House.

However, it is understood problems started when certain investors failed to meet a deadline, causing it to default and leaving some facing a loss.

Details of how much was invested by the individual parties have not been released.

The hotel, which opened six months late in March this year, was sold for £23 million to Australian group Staywell Hospitality, the same company which operates it under the Park Regis brand and which provided the original £27 million in loans to the LLP.

Rory McIlroy is also named among members of the tax-friendly investment scheme

Park Regis Hotel Birmingham said in a statement: “We understand the property company that owns Park Regis Hotel – Park Regis Birmingham LLP – encountered some difficulties and an administrator was appointed.

“The operating company Staywell Hospitality Management...was not affected by this and is carrying on business as usual.

“In common with most hotel operations worldwide, there are separate companies that work together to own the asset (building) and operate the business.”

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Hotel general manager Robin Ford added: “It is not unusual within the hospitality sector for ownership of a property to change without it affecting the hotel operation and this has been the case with Park Regis hotel.

“It might be confusing that the landlord has a similar name to the hotel but, to clarify, the management company is Staywell Hospitality Management, which is at the beginning of a 20-year contract.”

Seven Capital, the company which led the redevelopment, said: “Although Seven Capital was the original developer for Park Regis Hotel, the company has no involvement with Park Regis LLP.”